Finance
Malaysia PM says will build trade relations, not wait for U.S. tariffs
Published by Global Banking and Finance Review
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
Malaysia's PM Anwar Ibrahim plans to enhance trade with China, Russia, and Brazil to mitigate US tariff impacts, emphasizing proactive global trade strategies.
KUALA LUMPUR (Reuters) - Malaysia will actively build trade relations with other countries, such as China, Russia and Brazil, instead of waiting for the impact of potential U.S. trade tariffs, Prime Minister Anwar Ibrahim said on Tuesday.
Anwar told parliament waiting for United States' tariffs would have a negative impact on Malaysia, adding there was uncertainty following U.S. President Donald Trump's 30-day pause on tariffs on Canada and Mexico.
U.S. tariffs on China are still due to take effect.
Anwar said Malaysia could not act hastily in countering tariffs as there remained many geopolitical uncertainties.
"On our part, we must take proactive steps... to aggressively open a wider network of trading partners," Anwar said.
(Reporting by Danial Azhar; Editing by John Mair)
The main topic is Malaysia's strategy to build trade relations with countries like China, Russia, and Brazil to mitigate the impact of US tariffs.
Malaysia is proactively seeking to expand its trade network with other countries to avoid negative impacts from US tariffs.
Prime Minister Anwar Ibrahim is leading Malaysia's efforts to strengthen trade relations globally.
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